• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Money Laundering: Methods

Money laundering involves three steps: placement, layering, and integration. Whether it is cleaned once or multiple times through multiple streams, this practice is always used to convert the illegally obtained gains.
None

Money laundering is the practice of concealing information about financial transactions in order to convert the ill-gotten gains of criminal activities into “clean” or “laundered” assets. At least $500 billion is laundered every year. Typically associated with organized crime, the sale of illegal goods (such as in the arms trade or the fencing of stolen property), and the narcotics trade, money can also be laundered to conceal the gains of tax evasion, embezzlement, bribery, accounting fraud, and other white-collar crimes. Various methods are employed, and money may be cleaned multiple times through multiple streams, but ...

    • Loading...
    locked icon

    Sign in to access this content

    Get a 30 day FREE TRIAL

    • Watch videos from a variety of sources bringing classroom topics to life
    • Read modern, diverse business cases
    • Explore hundreds of books and reference titles